As is known, there has been - 30 August 2012

As is known, there has been a relative instability of monetary market, the depreciation of the ruble and the resulting negative impact on the money market. In connection with this cooperative "Agrocredit" can use variables or variable rates of compound interest. If the change in the interest rate is fixed in the contract, the borrower can calculate in advance how much money is to be returned at the end of the loan using the formula:

S = P (1 + i) n1 * (1 + i) n2 * ... * (l + i) nk, where
i1, i2, ik - the successive values of rates.
In issuing SEC them. Kuibyshev loan 150 thousand rubles. for a period of 5 years, the contract's base interest rate - 15% plus 0.7% - in the first two years and 0.9% - in the last three years. After expiration, the agricultural enterprise should return:
S = 150 (1 + (0.15 + 0.07)) 2 * (1 + (0.15 + 0.09)) 3 = 150 * 1.488 * 1.906 =
= 425.4 thousand rubles.
In this connection it is necessary to solve complex or simple interest profitable pay. To do this, compare the factors to build simple and compound interest (Table 9).
Table 9. - The value of capacity factors for simple and compound interest (i = 12%)

Capacity factors of term loans
30 days 180 days 1 year 5 years
Simple (1 + ni)
Complex (1 + i) n 1,01
1,009 1,058
1,056 1,12
1,12 1,60
1.76

For SEC them. Kuibyshev favorable interest charge on the complex rate if the loan term less than a year. If the loan is issued for more than a year, it is more profitable for the company to pay interest calculated on a simple interest. Some commercial banks charge interest daily. Of course, the more often the interest is calculated, the faster the process of building. In special cases, credit cooperatives can also benefit from such a scheme.
As well as in banking, the financial activities of the cooperative "Agrocredit" can not be used single or one-off payments and debt in raochku. Such a series of payments is called the flow of payments. Stream of payments, all of whom - positive values, and the time intervals between the payments are the same, is called financial annuity or annuities. Rent may be paid once a year or several times a year.